Short Interest in Tesco PLC (OTCMKTS:TSCDY) Declines By 59.8%

Tesco PLC (OTCMKTS:TSCDY) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 68,900 shares, a decline of 59.8% from the October 31st total of 171,600 shares. Based on an average daily trading volume, of 810,100 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TSCDY shares. Citigroup raised Tesco to a “strong-buy” rating in a research report on Friday, September 13th. BNP Paribas started coverage on Tesco in a research report on Friday, October 18th. They set an “outperform” rating on the stock. Royal Bank of Canada started coverage on Tesco in a research report on Tuesday, November 19th. They set a “sector perform” rating on the stock. Finally, Sanford C. Bernstein raised Tesco to a “strong-buy” rating in a research report on Tuesday, August 13th.

Tesco Stock Up 3.0 %

Shares of TSCDY stock opened at $13.58 on Friday. The business’s 50 day moving average is $13.85 and its two-hundred day moving average is $13.14. Tesco has a twelve month low of $10.36 and a twelve month high of $14.85. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49.

Tesco Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, October 15th will be paid a $0.1692 dividend. The ex-dividend date of this dividend is Tuesday, October 15th.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.